Why Did China Buy Smithfield. Smithfield was also in line to receive money from the program, which was created to help u.s. Processing operations to direct meat to china, which produced half the world's pork before.
Why did smithfield sell to china? That's why the deal announced wednesday by. In two years, chinese nationals went from owning $81 million worth of american farmland to nearly $1.4 billion, including the smithfield purchase.
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For approximately $4.72 billion in. Bought by china's wh group ltd 0288.hk six years ago for $4.7 billion, smithfield foods has retooled u.s. By comparison, shuanghui slaughters 15 million pigs per year with an annual revenue of. Both smithfield, based in virginia, and shuanghui have emphasized the mutual benefits of the deal.
